8.1.1 Time of assumption of the current audit mandate
In 2004, Deloitte AG, Zurich, was registered in the commercial register as the auditor for Von Roll Holding AG. The auditor is appointed on each occasion by the Annual General Meeting for one financial year, and the same auditor may be reappointed in the next financial year. The applicable statutory maximum term of office for an auditor in charge of seven years (Art. 730a Para. 2 Swiss Code of Obligations) is not limited by the Articles of Association.
8.1.2 Assumption of office of the auditor in charge who is responsible for the current audit mandate
Mr. Patrick Fawer was appointed auditor in charge for the second year.
The fee paid to the auditor for the audit of the 2017 financial statements was TCHF 474 in total (2016: TCHF 586).
During the period under review, additional fees of around TCHF 55 (2016: TCHF 36) were paid for additional tax, compliance and other services. In the financial year 2017, TCHF 42 was paid for tax advice and TCHF 13 for additional audit-related services.
The auditor submits a written report to the Audit Committee of the Board of Directors for each scheduled meeting about relevant audit activities and other important processes in connection with the company. Representatives of the auditor participate in individual agenda items of the meetings of the Audit Committee, explain their activities and take questions. The auditor attended two meetings of the Audit Committee in the reporting year. Further discussions were also held between the auditor and the Executive Management.
The Audit Committee of the Board of Directors oversees the activities of the auditors. It assesses the performance, remuneration and independence of the external auditor annually. The Board of Directors proposes the election of the auditor to the Annual General Meeting based on the recommendation of the Audit Committee. The Audit Committee assesses the scope of the audit by the external auditor and the relevant procedures annually.